Zigzag Chart Points

█ OVERVIEW
This indicator displays zigzag based on high and low using latest pine script version 5, chart.point which using time, index and price as parameters.
Pretty much a strip down using latest pine script function, without any use of library.
This allow pine script user to have an idea of simplified and cleaner code for zigzag.

█ CREDITS
LonesomeTheBlue

█ FEATURES
1. Label can be show / hide including text can be resized.
2. Hover to label, can see tooltip will show price and time.
3. Tooltip will show date and time for hourly timeframe and below while show date only for day timeframe and above.

█ NOTES
1. I admit that chart.point just made the code much more cleaner and save more time. I previously using user-defined type(UDT) which quite hassle.
2. I have no plan to extend this indicator or include alert just I thinking to explore log.error() and runtime.error(), which I may probably release in other publications.

█ HOW TO USE'
Pretty much similar inside mentioned references, which previously I created.

█ REFERENCES
1. Zigzag Array Experimental
2. Simple Zigzag UDT
3. Zig Zag Ratio Simplified
4. Cyclic RSI High Low With Noise Filter
5. Auto AB=CD 1 to 1 Ratio Experimental

릴리즈 노트

Add not na() into ph and pl ternary functions
Add na() into ph or pl if statement
Update from dirchanged = ta.change(dir) to dirchanged = dir != dir[1]

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.